US Treasury Secretary Scott Bessent announced on Thursday that America will attempt to shut down Iranian airlines’ access to landing spots, refueling, and ticket sales as a part of the American economic campaign against the Islamic Regime in Iran.
In a post on X/Twitter, Bessent asserted that “the Iranian economy and currency are in free fall,” as the US continues enforcing its blockade on Iranian ports along the Strait of Hormuz.
“Only a satisfactory outcome in negotiations will end the downward spiral,” he said.
Bessent also referred to Iran’s Persian Gulf Strait Authority (PSGA) as a “joke,” elaborating on counterterrorism sanctions recently launched against the authority, which was established to facilitate the movement of vessels through the Strait of Hormuz.
The @USTreasury continues our Economic Fury campaign against the Iranian regime.
Their troops are not getting paid, the police are not reporting for work, and Kharg Island is shut down. The Iranian economy and currency are in free fall.
Iran’s Persian Gulf Strait Authority…
— Treasury Secretary Scott Bessent (@SecScottBessent) May 28, 2026
“We have warned any corporate or state entities against paying tolls or hiding them as aid payments,” he continued.
Bessent warns Oman against interfering in Strait of Hormuz
Shortly afterward, Bessent released another statement on X/Twitter, further clarifying that the US “ will not tolerate any effort to impose a tolling system in the Strait of Hormuz.”
The United States Government will not tolerate any effort to impose a tolling system in the Strait of Hormuz. Oman, in particular, should know that the U.S. Treasury will aggressively target any actors involved – directly or indirectly – in facilitating tolls for the Strait and…
— Treasury Secretary Scott Bessent (@SecScottBessent) May 28, 2026
He warned that America will “aggressively target” any entities directly or indirectly involved in facilitating tolls, specifying that Oman should keep the threat in mind.
On Wednesday, US President Donald Trump threatened to blow Oman up if they interfere in the Strait.
“Oman will behave like everybody else, or we’ll have to blow them up,” Trump said during a cabinet meeting.
